Western Asset Munici (NYSE:MPT)
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Salomon Brothers Municipal Partners Fund II Inc., which
is listed on the New York Stock Exchange under the symbol "MPT,"
announced a distribution of $0.05500 per common share per month. The
Fund had previously paid a distribution of $0.06800 per common share
per month, a rate it had maintained since September 2002.
The distribution schedules for March, April and May 2006 appear
below:
-0-
*T
Ex-Dividend Record Payable
----------- ------ -------
March 03/24/06 03/28/06 03/31/06
April 04/21/06 04/25/06 04/28/06
May 05/19/06 05/23/06 05/26/06
*T
The Fund is reducing its distribution to approximate the current
level of investment income generated by the portfolio. In declaring
the new rate, the Fund cited the impact of the higher borrowing costs
on the Fund's preferred stock.
Salomon Brothers Municipal Partners Fund II Inc., a diversified
closed-end investment management company, is managed by Salomon
Brothers Asset Management Inc., a wholly owned subsidiary of Legg
Mason, Inc.
For more information, call Investor Relations at 1-888-777-0102 or
1-800-SALOMON, or visit the Fund's web site at www.sbam.com.
Note: On December 1, 2005, Citigroup Inc. ("Citigroup") sold
substantially all of its worldwide asset management business,
Citigroup Asset Management ("CAM"), to Legg Mason, Inc. ("Legg
Mason"). As part of this transaction, the investment adviser for the
fund(s) referenced herein became a wholly owned subsidiary of Legg
Mason.
Under a licensing agreement between Citigroup and Legg Mason, the
names of the funds, the names of any classes of shares of funds, and
the names of investment advisers of the funds, as well as all logos,
trademarks, and service marks related to Citigroup or any of its
affiliates ("Citi Marks") are licensed for use by Legg Mason. Citi
Marks include, but are not limited to, "Smith Barney," "Salomon
Brothers," "Citi," "Citigroup Asset Management," and "Davis Skaggs
Investment Management." Legg Mason and its affiliates, as well as the
Fund's investment adviser, are not affiliated with Citigroup.
All Citi Marks are owned by Citigroup, and are licensed for use
until no later than one year after the date of the licensing
agreement.